Question
A bond with a par value of $1,000 and an annual coupon has a yield to maturity of 5.60% and a current price of $975.
A bond with a par value of $1,000 and an annual coupon has a yield to maturity of 5.60% and a current price of $975. If the bond has 18 years to maturity, what is its current yield?
| 5.51% |
| 5.25% |
| 0.00% |
| 5.18% |
| 5.59% |
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
